The EUR/GBP cross gains traction to around 0.8680 during the early European session on Thursday. The Euro (EUR) strengthens against the Pound Sterling (GBP) as market bets that interest rates will remain unchanged in the near term. The Eurozone Retail Sales will take center stage later on Thursday.
The Euro trades lower for the second consecutive day on Tuesday, exploring levels sub-0.8700 as the Pound trims some losses, with investors shifting their gaze to the Bank of England’s monetary policy decision, due next Thursday.
The EUR/GBP pair gives back its early gains and declines to near 0.8730 during the European trading session on Monday. The pair had a strong opening after the United States (US) and the European Union (EU) announced that they have reached a framework trade agreement.